Cate Blanchett splashes her millions on snazzy eco mansion in 'Hollywood-on-Sea'
With an estimated net worth of $95million (£71.4m), it's not surprising that Cate Blanchett has splashed the cash on a super snazzy eco home.
The Australian actress is best known for her roles in films such as Carol, Tár, Ocean's 8, and The Lord of the Rings trilogy, having received two Oscars, four Baftas, and four Golden Globes for her work over the years.
But when she's not performing on stage or screen, the 55-year-old, who is widely regarded as one of the best talents of her generation, likes to relax by the sea.
Although it might surprise you to learn that by 'sea,' we don't mean an Australian bay, but instead… Cornwall.
Cate has had a spectacular new abode built in Mawgan Porth, which has been dubbed 'Hollywood-on-Sea' due to the rich and famous residents it attracts.
The likes of David Beckham, Kate Winslet, Stanley Tucci, and Jason Statham have all been spotted on the beach there, so it clearly came highly recommended to Cate and her family.
New photos show the stunning property in all its glory, having transformed the area of the Cornish coastal village.
Cate's mansion is part of a stretch of properties along the seafront, sitting beside other multi-million-pound developments from A-listers and business moguls.
Its build comes after Cornish locals initially feared being priced out of the area by the developments.
The designs of the new houses are certainly futuristic, boasting solar panels on the roof and floor-to-ceiling glass windows overlooking the idyllic view.
Cate's specifically boasts five bedrooms, and it's reported she was the first celeb to buy a home in the village in 2020 before purchasing a £1.25million plot of land directly above the following year.
This comes after she was granted planning permission to knock down her £1.6million cottage she bought with husband Andrew Upton.
And it seems Cate might be spending even more time in her sprawling mansion, having recently said she wishes to 'retire' from acting.
The movie star has a string of films still to come, but admitted to Radio Times that she feels uncertain about branding herself an 'actress' now. More Trending
'It's because I'm giving up,' she declared.
She added: 'My family roll their eyes every time I say it, but I mean it. I am serious about giving up acting … [There are] a lot of things I want to do with my life.'
Cate's first role was in 1992 in the David Mamet play Oleanna for the Sydney Theatre Company.
She recently finished working on a new Jim Jarmusch-directed movie called Father, Mother, Sister, Brother, which is slated for release this year.
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